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ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new york state law. between 2002 and 2007 they carried out about 28,000 such transactio transactions. managers instructed employees to strip information from wire transfer messages that could identify countries and people subject to international sanctions. bank officials say they have been working since 2007 to meet obligations. they said in a statement that they are cooperating with the regulators. u.s. president barack obama is changing the rules that govern how his country handles its most destructive weapons. the defense department revised guidelines on nuclear arms for the first time in 11 year
ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new...
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economy to begin gathering steam, but there is no sign among investors that they agree. for now, what matters to them is help from central banks. >> it is not a pretty picture, but let's take a closer look at thursday's market figures anyway kissing off -- no, let's call it kicking off in frankfurt. look at that, down by 30.3%. a lot of damage in just one day. u.s. stocks falling by nearly four percent. across the atlantic at this hour, the dow trading down by nearly 2.4%. the euro also giving up ground to the greenback, trading at a value of $1.3 207. >> is a mammoth trial ended bid to shed light on what german prosecutors say is a neo-nazi group responsible for murdering at least 10 people. most of the victims with immigrant backgrounds. >> today, when defendant -- one defendant identified as carsten s. took the stand again. he has already confessed to having supplied the guns. >> the testimony lasted eight days. so far, he's the only person being tried who has agreed to give evidence to the court, answering questions from judges and lawyers. now it is finally over. >>
economy to begin gathering steam, but there is no sign among investors that they agree. for now, what matters to them is help from central banks. >> it is not a pretty picture, but let's take a closer look at thursday's market figures anyway kissing off -- no, let's call it kicking off in frankfurt. look at that, down by 30.3%. a lot of damage in just one day. u.s. stocks falling by nearly four percent. across the atlantic at this hour, the dow trading down by nearly 2.4%. the euro also...
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if the economy is improving what are the economic sensitive things to do better? diversified companies and consumer discretionary stocks like housing and auto and media. if we're right that the economy starts to pick up in the second half of this year and into next, then those stocks are cheap and ought to do well. >> how alarmed were you by that chinese manufacturering number that came out overnight? it kneecaped the commodities space and some of the stocks, as well. is this what you would see as the beginning of a long-term slowing in emerging markets and in china? >> there is $64,000 question. we've been emerging for the last several quarters. the pmi number in china overnight was an ink mental data point that concerns investors. we would like to see the chinese government to come out with fiscal and monetary initiatives that would restimulate growth into the start of next year but at this point it's like waiting for gudel. we're watching the economy slow down in china where maybe 7.5 to 8% run rate this year. we would like to see that number stabilize there, m
if the economy is improving what are the economic sensitive things to do better? diversified companies and consumer discretionary stocks like housing and auto and media. if we're right that the economy starts to pick up in the second half of this year and into next, then those stocks are cheap and ought to do well. >> how alarmed were you by that chinese manufacturering number that came out overnight? it kneecaped the commodities space and some of the stocks, as well. is this what you...
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this economy the new normal? caller: it looks like it with everything the way is going on -- with everything that is going on. my situation iis ok. i have family and friends that have been laid off and trying to find jobs and we all are trying to help a couple of family members out. host: where are you from? caller: i am calling from north llc -- from north tennessee. our next call, good morning. love c-span and "washington journal." basically this whole concept of ," -- a lot of us forget history. the way i view things is since world war two there has been this big exhalation of government programs. -- escalation of government programs. over decades they have made these promises and it is starting to encroach in the private sector. the private sector is what creates jobs, not the government. think that as an important concept here. it is kind of a big escalation in government and it is starting to infringe on the private sector. host: if you are listening on c- span radio, coast-to-coast on x m at channel -- on
this economy the new normal? caller: it looks like it with everything the way is going on -- with everything that is going on. my situation iis ok. i have family and friends that have been laid off and trying to find jobs and we all are trying to help a couple of family members out. host: where are you from? caller: i am calling from north llc -- from north tennessee. our next call, good morning. love c-span and "washington journal." basically this whole concept of ," -- a lot of...
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economy and the world economy go cold turkey on all this easy money, and they-- nobody wants to be the last guy out of the market. and so they reacted very-- very swiftly, more than than i suspect the fed anticipates. >> brown: james pawlzen, is it a surprise. everyone knew at some point the fed would do this. >> i don't think so. i think that part of the big response that david speaks to has to do with the fact we've come up so much i think in the last year. we had a really big run, 25%, 30% run. often in big bull markets you have very violent but short-term sort of pull-backs and i think this was a catalyst that allowed traders to sell, the excuse to sell. i do think that people calm down a little bit, we adjust to little higher bond yields we're seeing in the last few days as the fed stops buying many as many bonds. i think we'll calm down and realize that the fed's real message is that the economy to them is looking a little better, and they think for the first time the economy is get along with a little less support from them all on its own as an equity investor that's probably a
economy and the world economy go cold turkey on all this easy money, and they-- nobody wants to be the last guy out of the market. and so they reacted very-- very swiftly, more than than i suspect the fed anticipates. >> brown: james pawlzen, is it a surprise. everyone knew at some point the fed would do this. >> i don't think so. i think that part of the big response that david speaks to has to do with the fact we've come up so much i think in the last year. we had a really big...
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Jun 21, 2013
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this economy -- >> there are some points made, either the economy strengthens sufficiently that the fed and pull back asset purchases and paper as they're talking about going from $85 billion to $75 billion a month, who knows? there's a lot of money being or the economy doesn't strengthen enough and canned tapir and liquidity will drive asset prices. q e was designed for it deflation, and designed to raise home prices and in mortgages -- i am not saying the world is perfect. and we just disagree with what the ultimate outcome would be and we are more bullish than he is. >> equity markets trading at 15 times multiple but you really have a growth trajectory of 2%. normal trajectory for the equity market with 15 times multiple gdp growing. but you don't have that. you need to see a fill in with economic activity in the second half for start to see more -- i would like to point out of this market, as you see even taper you are seeing risk of trade kick in and yields go higher, and maturities to four year, 3.5 year maturity to waive this out and perhaps wetter the approach to their portfolio
this economy -- >> there are some points made, either the economy strengthens sufficiently that the fed and pull back asset purchases and paper as they're talking about going from $85 billion to $75 billion a month, who knows? there's a lot of money being or the economy doesn't strengthen enough and canned tapir and liquidity will drive asset prices. q e was designed for it deflation, and designed to raise home prices and in mortgages -- i am not saying the world is perfect. and we just...
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tona's economy is beginning slow. how much of an impact could that have on the u.s. economy? >> it could have a fairly significant impact. china was really an anchor of the early steps of the recovery. they stepped in really quickly, and now even in china, there are concerns about too much liquidity in the system. maybe they have done too much and created too much risk. the chinese economy is slowing, and that will certainly reverberate around the world very quickly if we do not see a handle on that soon. >> thank you very much indeed. >> thank you. >> you are watching "bbc world news." still to come on tonight's program -- stranded on a glacier in greenland. after their plane crashed, a crew lived one of the greatest survival stories in history. massive rescue operation is underway to reach survivors in the flood hit areas in india. at least 500 50 people had died, and more than 50,000 are stranded after floods swept away buildings and triggered landslides -- at least 550 people have died, and more than 50,000 are stranded. >> this iconic hindu shrine now completely washed a
tona's economy is beginning slow. how much of an impact could that have on the u.s. economy? >> it could have a fairly significant impact. china was really an anchor of the early steps of the recovery. they stepped in really quickly, and now even in china, there are concerns about too much liquidity in the system. maybe they have done too much and created too much risk. the chinese economy is slowing, and that will certainly reverberate around the world very quickly if we do not see a...
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what's your assessment of our economy? >> yeah. what's interesting, larry, is we know that the fiscal drag is hitting right now. the combination of tax increases and spending cuts should be the most onerous right now in the second and third quarter and yet, the u.s. economy has held in there fairly well and i'm not so optimistic that we'll get through the two quarters without a drop some place and i'm concerned about not only china's pmi, but i think we'll get softening economic data here that will take some of the taper off of the tapering that we're getting from the fed. in other words, yields should back down here after they race up a bit more. i think 275 on the ten-year might be the peak there and the midpoint in the summer we'll question the u.s. economy a little bit more because of the fiscal drag and just one more thing. two weeks ago, i got a meeting with orrin hatch, and he's obviously the ranking minority member of the central tax writing authority in the congress on the senate side, we know that tax reform is moving for
what's your assessment of our economy? >> yeah. what's interesting, larry, is we know that the fiscal drag is hitting right now. the combination of tax increases and spending cuts should be the most onerous right now in the second and third quarter and yet, the u.s. economy has held in there fairly well and i'm not so optimistic that we'll get through the two quarters without a drop some place and i'm concerned about not only china's pmi, but i think we'll get softening economic data here...
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find out what's really happening to the global economy kaiser reports on. weapons in the wrong hands president putin slams the u.s. for plans to supply arms to the syrian opposition known terrorist groups the fighting within it. why what brazil more than a million protesters vent their anger at the government of major cities across the country with a teenager now becoming the first fatality of why it showed no sign of abating. and the french are getting increasingly frustrated with the european union with recent polls really over sixty percent believe the blocks going in the wrong direction.
find out what's really happening to the global economy kaiser reports on. weapons in the wrong hands president putin slams the u.s. for plans to supply arms to the syrian opposition known terrorist groups the fighting within it. why what brazil more than a million protesters vent their anger at the government of major cities across the country with a teenager now becoming the first fatality of why it showed no sign of abating. and the french are getting increasingly frustrated with the european...
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where's the underlying growth in this economy? >> well, my question is where is the underlying growth in the world? is because one of the things that was moving the markets yesterday are these signs that the chinese economy is slowing. well, that's what we could always count on was that china was going to grow at 10% or 9% or 8% a year at minimum. and if there is underlying weakness in what is now the world's second largest economy and some day will be the largest, that ain't good for all the rest of us. europe is worse off than we are. so one understands why investors are nervous, and bernanke is saying, well, i think we're going to start siphoning off some of this froth. you know, kind of threw everybody off the cliff. >> some of the underlying growth over the last few years, you look at the enormous geographic pivot that's taken place in the united states that's allowed for greater energy exploration and production. whether you're a fan of fossil fuel or not, we can't deny this has created jobs. it's added to gdp, and frankly,
where's the underlying growth in this economy? >> well, my question is where is the underlying growth in the world? is because one of the things that was moving the markets yesterday are these signs that the chinese economy is slowing. well, that's what we could always count on was that china was going to grow at 10% or 9% or 8% a year at minimum. and if there is underlying weakness in what is now the world's second largest economy and some day will be the largest, that ain't good for all...
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the economy is getting better. but i think you have to slowly put your money that you have on the sidelines into cash. yesterday money only went to cash. you know, the commodity complex sold off. the bonds sold off. equities sold off. emerging markets got hammered. i think there's more dry powder on the sidelines. i think we just have to see if certain levels hold. but we're still very constructive going forward with a 1650 to 1700 s&p target. the problem is this. when volatility increases, anxiety increases. and investors seek certitude. the fed did not give us full certitude because they were talking one thing while the market was bringing rates up ahead of them. i think it's something we have to watch and just be flexible right now. >> you bring up an interesting point. the algorithms and the computerized trading. we've talked, you know, we were yus talking about someone else who was mentioned in morning money. i know that's something ron baron mentioned. doug cass was just talking about that. how big of a probl
the economy is getting better. but i think you have to slowly put your money that you have on the sidelines into cash. yesterday money only went to cash. you know, the commodity complex sold off. the bonds sold off. equities sold off. emerging markets got hammered. i think there's more dry powder on the sidelines. i think we just have to see if certain levels hold. but we're still very constructive going forward with a 1650 to 1700 s&p target. the problem is this. when volatility increases,...
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>> the real economy is. i think that china is turning out to not be as important as we thought how the real economy does, but the real economy is not controlling the stock market. the real economy is a sideshow. what matters are bonds and futures traders who come in on every new piece of bad chinese news and blow out our market because they haven't figured out yet that we're not hostage to china, and i think it's the perception, it hasn't been able to get to the point where we realize in -- traders realized that china is not the be all and end all that it was. >> and i think also, too, there's just different cultural context when it comes to banking between the u.s. and china. if we saw our overnight rates shoot to 25%. it would be apocalyptic, right? >> absolutely. >> but they have a more infantile banking system there and it doesn't feet here like it does in the united states. >> one of the things that does worry me. brazil, a million people on the street. not protesting they wished they had a more capital
>> the real economy is. i think that china is turning out to not be as important as we thought how the real economy does, but the real economy is not controlling the stock market. the real economy is a sideshow. what matters are bonds and futures traders who come in on every new piece of bad chinese news and blow out our market because they haven't figured out yet that we're not hostage to china, and i think it's the perception, it hasn't been able to get to the point where we realize in...
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economy. >> yeah. >> and the more we can give more of the free markets the choices within there, i think the better off the economy's going to be and the markets will reflect that, as well. >> well, in terms of the continuation, i mean, do you think that money continues coming out of bonds? what's your take in terms of that great rotation? will we see some of the money coming out of the bond market moving into stocks? >> i think that you will. i think, you know -- you know, the reason people are in bonds is for safety. and with this, with the rates where they're at, that's not a safe place to be. so, you know, i feel maybe short-duration bonds, if you're really afraid of, you know, as the surrogate to cash. but we would be overweighting equities right now rather than being in bonds. i think bonds, there's only one place to go, hopefully, here, because as the economy improves, you know, yields -- rates have to go up. >> rates have to go up, but are there groups that are going to benefit from ra
economy. >> yeah. >> and the more we can give more of the free markets the choices within there, i think the better off the economy's going to be and the markets will reflect that, as well. >> well, in terms of the continuation, i mean, do you think that money continues coming out of bonds? what's your take in terms of that great rotation? will we see some of the money coming out of the bond market moving into stocks? >> i think that you will. i think, you know -- you...
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i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is citi group. >> okay. we focus on fundamentals and the fundamentals are very positive for citi group. there is several positive factors favoring citi group. improvement in the capital market activity and citi group benefits from the real estate market. in fact, they are going to be releasing 8.57 -- $8.5 billion in reserves so that will be a strong tail wind this year. on top of that the evaluation is very attractive. the stock is selling at 63% of book, a low pe ratio and i think the stock could get up to book value. >> i would assume housing wou
i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is...
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there really is no american economy. what we have is a network of metro economies and they're now stepping up and doing the hard work. >> but at the same time we all know that some of the toughest economic challenges are the state and local level. >> absolutely. but the great thing about metropolitan areas is they're not just governments. you know, the federal government is a government. state governments are government, metropolitan areas are networks. and we see that these networks are finding really creative and beneficial ways. >> rose: networks between what? >> networks of different companies, different philanthropic groups, different individuals, all coming together. they have loose or tight connections. and they can fund things more-- in a more creative or interesting way. so for example, when northeast ohio needed to reinvague rates economy, it drew on a network of philanthropis. they came together and said we need to figure out how to better support manufacturing. and how to better support small and medium sized
there really is no american economy. what we have is a network of metro economies and they're now stepping up and doing the hard work. >> but at the same time we all know that some of the toughest economic challenges are the state and local level. >> absolutely. but the great thing about metropolitan areas is they're not just governments. you know, the federal government is a government. state governments are government, metropolitan areas are networks. and we see that these...
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what is the political economy that makes that happen? >> people are not asking for casinos, but they are asking for better schools, new roads, they are asking for tuition assistance and stuff that costs money. they are also saying don't you raise my taxes by one penny or we'll throw you out of office. they say, okay, we'll just do a selective, very regressive tax on a handful of mostly desperate people and we'll just sort of take the money out of them and we have the help of an industry that will make it seem glamorous like it's a dream world. what happens in vegas stays there. you can do all kinds of fun stuff. >> one of the pioneers of this was in the american indian foxwood casinos in connecticut. built on tribal land. it was a little different than putting one in queens. but that produced just a tremendous amount of revenue. that was real money that flowed into the state that really did pay for a lot of stuff. >> but connecticut is one of the worst managed states. they are bordering on bankruptcy in connecticut. it goes back to a fai
what is the political economy that makes that happen? >> people are not asking for casinos, but they are asking for better schools, new roads, they are asking for tuition assistance and stuff that costs money. they are also saying don't you raise my taxes by one penny or we'll throw you out of office. they say, okay, we'll just do a selective, very regressive tax on a handful of mostly desperate people and we'll just sort of take the money out of them and we have the help of an industry...
SFGTV2: San Francisco Government Television
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we have learned the lessons of fuel economy, of ergonomics and designs and free coating on there and material that won't absorb the moisture that sometimes is spilled on there. these are going to be great vehicles, not only for the drivers to drive through our cities safely and for customers for residents who need a more modern fleet of vehicles to serve them as we attract more customers. this is where the economy has picked up and certainly the financial situation from munis is improving as they make more investments. these are the proper investments to do. they are cleaner and hydro electric. we are using the money responsibly matched up with local monies. these are great investment. this is just the beginning. these bids take a long time, the manufactures take a long time in delivering these buses. but we'll see in the near future, the replacement of some 60 trolley cars that will bring street cars into the similar level of standard that we want. we are reif refurbishing as we speak. you see not only a modern aspect to them. you see the bike racks in front because munis is about m
we have learned the lessons of fuel economy, of ergonomics and designs and free coating on there and material that won't absorb the moisture that sometimes is spilled on there. these are going to be great vehicles, not only for the drivers to drive through our cities safely and for customers for residents who need a more modern fleet of vehicles to serve them as we attract more customers. this is where the economy has picked up and certainly the financial situation from munis is improving as...
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if he is seen as the guy leading the economy, who has got -- more control over the economy of anybody else -- >> and is by the way -- >> get paid that much more attention to what he says. i think that's right. >> and by the way, that dude at one point is going to leave. and that will send everything into a tailspin. >> welcome back? >> yes. you are invited back. you get to keep the commemorative cup. maybe you'll get an orange mug next time. brian shactman, thank you, leaning back booking profits. coming back, which is the bigger hurdle, the border or boehner? we'll discuss the push for reform, ahead on "now." >>> time for the your business entrepreneurs of the week. steve white, jack colder and malone all own small businesses on main street in illinois, a town once in economic decline, historic preservation and restoration of their main street storefronts has helped turn it into a thriving tourist destination. for more, watch "your business" on msnbc. ♪ i'm a hard, hard worker every day. ♪ ♪ i'm a hard, hard worker and i'm working every day. ♪ ♪ i'm a hard, hard worker and
if he is seen as the guy leading the economy, who has got -- more control over the economy of anybody else -- >> and is by the way -- >> get paid that much more attention to what he says. i think that's right. >> and by the way, that dude at one point is going to leave. and that will send everything into a tailspin. >> welcome back? >> yes. you are invited back. you get to keep the commemorative cup. maybe you'll get an orange mug next time. brian shactman, thank...
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>> he said the economy -- >> why? >> they have this thing where you sell on the news and buy on the fear. they like to go out there and make a big stink when anything happens. bernanke said the economy is getting better so we'll stop buying bonds and plowing money into the economy. people said we've been used to this for five years. the fed is propping up the economy. >> interest rates will go up. >> they are. 2.4% today which is high compared to where it's been recently, historically low but high to where it's been. >> is there any sensible rational or is it taking money because they are greedy pigs? >> your phrase. there is never any sense to what wall street does, never. i said that before on this program. >> abby huntsman, do you have anything to say about the global economy? >> absolutely. i'm an expert on anything finance. the stock market goes up and down every day based on the news. i think to bring it back down to every indication shows we are moving in the right direction you look at the housing market, the
>> he said the economy -- >> why? >> they have this thing where you sell on the news and buy on the fear. they like to go out there and make a big stink when anything happens. bernanke said the economy is getting better so we'll stop buying bonds and plowing money into the economy. people said we've been used to this for five years. the fed is propping up the economy. >> interest rates will go up. >> they are. 2.4% today which is high compared to where it's been...
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economies. and the flows, the annual and seasonal flows of people back and forth across the border, the links people have across the border. and it would take that into account in, you know, a realistic sort of real-world way. and we're expecting real world out of the you see congress? you're not going to get it. >> real world out of the senate, saying nothing of the house, where the raoul labrador, i believe, mocked the fear of a large senate passing, 70-vote passage of immigration reform saying, ooh, i'm scared. that is not a good sign. this is one of the guys working on the house bill. >> absolutely. you know, i mean, there is big problems getting anything passed the house, talking about this in terms of the farm bill and holds for immigration as well. we also do need to think about priorities here. it's good to have the immigration laws enforced. but it's already more than the whole rest of federal law enforcement combined. and that's the thing to think about. we have organized crime element
economies. and the flows, the annual and seasonal flows of people back and forth across the border, the links people have across the border. and it would take that into account in, you know, a realistic sort of real-world way. and we're expecting real world out of the you see congress? you're not going to get it. >> real world out of the senate, saying nothing of the house, where the raoul labrador, i believe, mocked the fear of a large senate passing, 70-vote passage of immigration...
SFGTV2: San Francisco Government Television
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the small businesses are at the heart and soul of our local economy. my proposed budget includes funding for an online business portal to cut through bureaucratic red tape and make it easier for an entrepreneur to start and operate a business in san francisco. this budget continues my invest in neighborhoods initiative that is creating customized plans in 25 different neighborhood commercial districts and providing job squad and providing a job squad that brings city hall to our neighborhood businesses. and because san francisco's truly a global city, we're going to build on the success of china s.f. and expand our outreach to latin america and asian market street, not just to attract businesses to come here, but i'd like for us to really begin to introduce "made in san francisco" products to these growing market street. (applause) ~ markets >> while the worst of the economic crisis may be behind us, we cannot deviate from our commitment to fiscal responsibility and reform. we will continue to invest in our neighborhoods, in our infrastructure, and mos
the small businesses are at the heart and soul of our local economy. my proposed budget includes funding for an online business portal to cut through bureaucratic red tape and make it easier for an entrepreneur to start and operate a business in san francisco. this budget continues my invest in neighborhoods initiative that is creating customized plans in 25 different neighborhood commercial districts and providing job squad and providing a job squad that brings city hall to our neighborhood...
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about food border transparency with the shank and countries and about this currency that killed our economy we need to ask them how come the e.u. guidelines are more important than our own constitution which in shrines the will of a sovereign nation these essential topics have yet to become subject to public debate in france and i'm sure that if they were discussed today the french would opt for freedom while political analyst alex corporal believes many french people now i think be. on the mentally wrong. i think that it's a you could list a lot of arguments against the you you could say that it's not really democratic because the e.u. commission is on the elected by the by the european citizens you could say that it's too expensive. because some of the states give a little credit to the e.u. budget but don't receive as much money and whether the euro as given to europe actually is a way for specific member states to postpone structural reforms and frosties clearly a good example of that what a lot of people are concerned now least with the thing is they don't agree on the very idea of the
about food border transparency with the shank and countries and about this currency that killed our economy we need to ask them how come the e.u. guidelines are more important than our own constitution which in shrines the will of a sovereign nation these essential topics have yet to become subject to public debate in france and i'm sure that if they were discussed today the french would opt for freedom while political analyst alex corporal believes many french people now i think be. on the...
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did you know this worldwide markets fell sharply today with the news that the chinese economy might be starting to contract the three major american stock indexes the dow jones industrial average the s. and p. five hundred the nasdaq all fell significantly from their wednesday closing numbers are concerned europe and asia tumbled as well as latest cloud on the economic horizon comes just one day after a federal reserve chairman ben bernanke announced the fed will soon start to wind down its buying bond buying program more commonly known as quantitative easing bernanke he announced the plan a press conference in washington yesterday if the incoming data are broadly consistent with this forecast the committee currently have to suppose it's that it would be appropriate to moderate the monthly pace of purchases later this year and if the subsequent data remain broadly aligned with our current expectations for the economy we would continue to reduce the pace of purchases in measured steps through the first half of next year ending purchases around midyear bernanke he sounded optimistic duri
did you know this worldwide markets fell sharply today with the news that the chinese economy might be starting to contract the three major american stock indexes the dow jones industrial average the s. and p. five hundred the nasdaq all fell significantly from their wednesday closing numbers are concerned europe and asia tumbled as well as latest cloud on the economic horizon comes just one day after a federal reserve chairman ben bernanke announced the fed will soon start to wind down its...
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Jun 21, 2013
06/13
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FOXNEWSW
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what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it and the market flips out. there is not enough assurance in a jobless recovery to calm the pessimism that still remains years into it. >> chris: there is another factor here as well and, charles, why don't you add this to it. there is also concerns about slower growth and tightening of credit inside of china which has been a huge engine of economic growth. one of the few places with big growth around the world. >> that is true. but that's been happening over a period of weeks. i think the fact that you had the sell-off for a couple of days right after the be
what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it...
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Jun 21, 2013
06/13
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CNBC
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i think it needs to broaden the economy. that's very, very difficult for brazil at the moment. >> i mean, it does -- all roads lead to china. this is where, you know, this liquidity story, the timing of the pboc decision to try and teach the bank and the financial system a lesson is -- is really unfortunate. because, as you were saying earlier, it's really bad timing coming at the same point as we're trying to come to terms with this -- or accurately price the prospect of fed tapering. and, you know, this does pose quite a growth risk going into the second half for china, i think. >> what is the -- what is this -- 7% growth rates from 9%. they're trying to rein in the credit in the secondary banking system, chris. how is that going to spill out into asian -- asian emerging markets? >> it's going to be -- it's going to be quite powerfully negative, i think. and i think the other thing as proliferation countries are dealing with is the yen. essentially japan is exporting deflation. they may be trying to create inflation in the
i think it needs to broaden the economy. that's very, very difficult for brazil at the moment. >> i mean, it does -- all roads lead to china. this is where, you know, this liquidity story, the timing of the pboc decision to try and teach the bank and the financial system a lesson is -- is really unfortunate. because, as you were saying earlier, it's really bad timing coming at the same point as we're trying to come to terms with this -- or accurately price the prospect of fed tapering....
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happening to the global economy cause a report on a. little bit. of both. i live. speech. and. we're. going. to. play. he. top story tonight the u.k. stopping the world's phone calls on internet traffic to secretly collect data and share it with close ally the u.s. that's the latest revelation from the n.s.a. whistleblower edward snowden we follow it. also weapons in the wrong hands president putin slams the u.s. for plans to supply arms to the syrian opposition known terrorist groups are fighting within a. broad stroke brazil more than a million protesters vent their anger at the government in major cities across the country but the second fatality now being reported the government's holding a crisis meeting over the worst protest the country's seen in twenty years.
happening to the global economy cause a report on a. little bit. of both. i live. speech. and. we're. going. to. play. he. top story tonight the u.k. stopping the world's phone calls on internet traffic to secretly collect data and share it with close ally the u.s. that's the latest revelation from the n.s.a. whistleblower edward snowden we follow it. also weapons in the wrong hands president putin slams the u.s. for plans to supply arms to the syrian opposition known terrorist groups are...
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the economy today particularly the energy markets but. fundamentally we have not seen big changes first of all the cost to. the production of shale gas a multiple cost of normal gas production. i'm afraid that. remember it's like sixteen dollars for one thousand kids. from one dollar per one thousand cubic meters of gas and secondly the change is related to. environmental protection as you. very well know where shale gas produced people cannot always bitterly often see something black in the tap water instead of water and therefore production of shale gas because it's related also to explosions requires large territories long. territory's one explosions another explosion and those territorial canal longer be used for the economy and they are in terrible shape afterwards of course those technologies will improve as of today producing shale gas and perhaps a shale oil is more which is also possible which is if you know the. production also as possible so they don't want price for the consumers one hundred twenty dollars one hundred cubic me
the economy today particularly the energy markets but. fundamentally we have not seen big changes first of all the cost to. the production of shale gas a multiple cost of normal gas production. i'm afraid that. remember it's like sixteen dollars for one thousand kids. from one dollar per one thousand cubic meters of gas and secondly the change is related to. environmental protection as you. very well know where shale gas produced people cannot always bitterly often see something black in the...
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it was the united states of america a force for good in the world it was still the largest economy and an unmatched military critics claim washington's to find you political interest always trump its loudly proclaimed values friends of washington are given a free pass enemies real or imagined are to be destroyed and replaced to. speak the language. programs and documentaries in arabic it's all here on all t.v. reporting from the world talks about six of the r.p. interviews intriguing story to tell you. the. arabic to find out more visit our big. dog called. welcome back now as the u.s. army rushes to complete its put up my gun stop also the country already turning into huge junkyards the pentagon is now destroying a state of the vehicles and other miniature equipment despite the war already having cost american taxpayers more than six hundred thirty billion dollars what is going to kind of estimates. by the end of twenty fourteen the u.s. military will have destroyed seven billion dollars worth of military equipment in afghanistan u.s. officials say they're getting rid of what they no
it was the united states of america a force for good in the world it was still the largest economy and an unmatched military critics claim washington's to find you political interest always trump its loudly proclaimed values friends of washington are given a free pass enemies real or imagined are to be destroyed and replaced to. speak the language. programs and documentaries in arabic it's all here on all t.v. reporting from the world talks about six of the r.p. interviews intriguing story to...
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Jun 21, 2013
06/13
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CNBC
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is the economy strong enough? is the economy around the world strong enough to support the market at this level if they're going to pull support away. >> i think what he's trying to say is the economy he hopes will be strong enough. they're not pulling the rug out right now. they've made it clear they're extremely data dependent. i think they're expecting the economy to be strong enough, and i think they're expecting that when it is, they will start to pull back. to be clear, you know, you made a comment earlier about are we ahead of ourselves from a fundamental perspective? i think the market is very forward looking, right? so the point there is i think the market is looking ahead six months and saying, we're going to be in a very different place -- >> hang on, hang on. i understand that point, but i don't think that's where we are because we were artificially inflated by the fed, and the assumption was that the fundamentals would come up to support us, and, therefore, it's not a normal situation. what we're sayi
is the economy strong enough? is the economy around the world strong enough to support the market at this level if they're going to pull support away. >> i think what he's trying to say is the economy he hopes will be strong enough. they're not pulling the rug out right now. they've made it clear they're extremely data dependent. i think they're expecting the economy to be strong enough, and i think they're expecting that when it is, they will start to pull back. to be clear, you know,...
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i'm peter lobo is the united states of america a force for good in the world we're still the largest economy energy unmatched military critics claim washington's to find you political interest always trump its loudly proclaimed values friends of washington are given a free pass and it means real or imagined to be destroyed and replaced. to process whether the united states is a force for good i'm joined by george samuel in new york he is a fellow at the global policy institute of london metropolitan university and in washington we cross to bruce stokes he is the director of global economic attitudes at the pew research center all right gentlemen it's just the three of us crosstalk rules in effect i mean you can jump in anytime you want and i really encourage it george the broad question is the united states a force for good in the world today. no i don't really think so. if we think of the post cold warrior of the began since one nine hundred eighty nine which would also call the uni polar air of american global hegemony i think the record of this is is really very poor. economically and fin
i'm peter lobo is the united states of america a force for good in the world we're still the largest economy energy unmatched military critics claim washington's to find you political interest always trump its loudly proclaimed values friends of washington are given a free pass and it means real or imagined to be destroyed and replaced. to process whether the united states is a force for good i'm joined by george samuel in new york he is a fellow at the global policy institute of london...
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is the united states of america a force for good in the world we're still the largest economy and an unmatched military critics claim washington's to find you political interests always trump it's a loudly proclaimed value friends of washington are given a free pass enemies real or imagined are to be destroyed and replaced. speak your language. use programs and documentaries and spanish what matters to you. a little turn to bangalore stories. here. the spanish find out more visit. more than twenty people been arrested in turkey on suspicion of being linked to violence and anti-government rallies after three weeks now of street battles authorities in the country say they're prepared to allow one form of peaceful resistance that's that silent standing man protests that recently started in taksim square this is ankara riot police once again rained tear gas down demonstrators. was in the thick of it. i've just taken off my cast mask for a minute heavy with the smell of tear gas these two police water cannon shots into the center of this street your non corrupt dispersing crowd and when h
is the united states of america a force for good in the world we're still the largest economy and an unmatched military critics claim washington's to find you political interests always trump it's a loudly proclaimed value friends of washington are given a free pass enemies real or imagined are to be destroyed and replaced. speak your language. use programs and documentaries and spanish what matters to you. a little turn to bangalore stories. here. the spanish find out more visit. more than...
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Jun 21, 2013
06/13
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KPIX
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well, the answer is economy t economy's getting better and, in some places, it is booming. dean reynolds reports tonight from one of those places in minnesota. >> reporter: it's a short bike ride to work for chris dillman, but time enough for him to count the blessings of living where unemployment is 3%-- less than half the national average. >> thank you for calling. >> reporter: he works as a technical support specialist for digi-key, an electronic parts distributor for smart phones whose growth exploded after its switched from mail order to internet sales. is do you feel fortunate that you got a job here? >> yeah, i'm fortunate! (laughs) i'm not here because of just the money. it's the other things. it's the small town atmosphere. the way that you can walk down the street, you can strike up a conversation, that type of mentalqw. >> reporter: he's talking about thief river falls, or t.r.f. as they call it around here. population 8,500 and counting. digi-key will hire 150 workers this year. neighboring arctic cat has expanded its product line from snowmobiles to all terrain
well, the answer is economy t economy's getting better and, in some places, it is booming. dean reynolds reports tonight from one of those places in minnesota. >> reporter: it's a short bike ride to work for chris dillman, but time enough for him to count the blessings of living where unemployment is 3%-- less than half the national average. >> thank you for calling. >> reporter: he works as a technical support specialist for digi-key, an electronic parts distributor for smart...
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is it possible to navigate the economy with all the details and specifics in the information and media will keep you up to date by decoding the mainstream. states in your mind. good afternoon welcome to prime interest i'm bob english in washington d.c. area and has a day off so here are the stories we're tracking today now the markets are showing no love for bernanke in the thread after hinting yesterday that the fed might wind down quantitative easing in the u.s. responded sold off during the day and again overnight and again during today s. and p. five hundred open below a key technical support this morning and the money is not flowing into bonds as it's had been in the past instead somewhat reminiscent of two thousand and eight money is flowing into cash namely the u.s. dollar and in another twist money is also flowing out of emerging markets at the past his pace since two thousand and eleven we'll talk about the markets on the fed with will neil ferguson and a floor trader ben well as in a little bit and just when you thought the treasury department would simply keep its meddling t
is it possible to navigate the economy with all the details and specifics in the information and media will keep you up to date by decoding the mainstream. states in your mind. good afternoon welcome to prime interest i'm bob english in washington d.c. area and has a day off so here are the stories we're tracking today now the markets are showing no love for bernanke in the thread after hinting yesterday that the fed might wind down quantitative easing in the u.s. responded sold off during the...
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Jun 21, 2013
06/13
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CSPAN
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to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good enough for now. it is not good enough for me. i know it is not good enough for you either. how can any of us stay on top with groups that nearly cap 12 million americans out of work and threaten our children's future eschenbach -- future? we are not people who hobble along hoping someone -- things will get better. we are people who chart our own course. who take matters into our own hands. that is why i'm here today. people in this room represent so much of our nations economic success, and our potential for the future. manufacturing represents where things are gone wrong in recent years. america's grea
to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good enough for now. it is not good enough for me. i know it is not good enough for you...
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Jun 21, 2013
06/13
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CSPAN
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the economy is improving, just slowly. that is why you are not seeing everyone who wants to get a job get a job. we still have too many people looking for work for the available positions. somehow we need employers to create more jobs. that is obviously the big question of the recovery, what job -- drives job creation and what is the spark that will get us out of this period of slow growth. we have not been able to find an answer to that. we found a lot of explanations of far of what might be holding employers that -- whether consumers who are constrained by weak credit or even abroad in europe or china, holding back the man for companies that export, or could be conditions in the united states that our lawmakers have created, whether through regulation or fiscal policy or some of the other constraints. let's lookwohlford, at white-collar, professional and business service hires. may of 2006, 7 years ago. the most recent figures, the spring of 2013. guest: what we have seen in professional business services is it tends to
the economy is improving, just slowly. that is why you are not seeing everyone who wants to get a job get a job. we still have too many people looking for work for the available positions. somehow we need employers to create more jobs. that is obviously the big question of the recovery, what job -- drives job creation and what is the spark that will get us out of this period of slow growth. we have not been able to find an answer to that. we found a lot of explanations of far of what might be...
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Jun 21, 2013
06/13
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FBC
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may not to a defense and the economy. the market does not want to hear any of that. if he says that the assumption is, oh, he will sto doing it tuesday are something like that, which is that goingo. lou: he made big references to ininflation. he made references to employment or at least the six and half percent levels part of construction for his decision . is a lite surprising to me. and it suggested that he does want to accelerate thigs year. are there signs that this quantitative easing combined purchasing program, this is having a n negative, a deleterus effect on the fed's goals? >> i do not believe so. it is not -- it is nothe sort of thing you would think would drive down inflation. inflation has fallen well bew the fed's goal, but -- but the people who are worried about qe are worried about the other direction, ilatiary. it probably has added something to economic growth. mainly, but not exclusively throughower mortgages, more refinancing, more homes built and so on, and that is what he isalking about tapering o. lou: a lot of money -- i should say, oerip. th
may not to a defense and the economy. the market does not want to hear any of that. if he says that the assumption is, oh, he will sto doing it tuesday are something like that, which is that goingo. lou: he made big references to ininflation. he made references to employment or at least the six and half percent levels part of construction for his decision . is a lite surprising to me. and it suggested that he does want to accelerate thigs year. are there signs that this quantitative easing...
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Jun 21, 2013
06/13
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MSNBCW
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. rescue workers have opened up a lot of dawn. ♪ they rely on it because it's tough on grease yet gentle. but even they'll tell you, dawn helps open... all: 3, 2, 1! [ male announcer ] ...something even bigger. this year, dawn is also donating $1 million to rescue efforts. go to facebook.com/dawnsaveswildlife. find out how the little things you do can make a big difference. >>> a half hour from now, president obama is going to be announcing the nomination of james comey to lead the fbi, best remembered in the debate over domestic surveillance, as acting attorney general under george w. bush. comey's reputation, though, is a fierce defender of the law, holds perhaps more relevance today as the nsa's once secret programs come under fire from republicans and democrats al
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. rescue workers have opened up a lot of dawn. ♪ they rely on it because it's tough on grease yet gentle. but even they'll tell you, dawn helps open... all: 3, 2, 1! [ male announcer ] ...something even...